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Bitcoin Faces CPI Speed Bump as Fed Rate Hike Odds Surge

U.Today Read original source (opens in a new tab)
The Story

News Summary

  • Hotter-than-expected U.S.
  • headline CPI data has raised expectations of an additional Federal Reserve rate hike to nearly 90%.
  • Grayscale's Zach Pandl noted this presents a temporary speed bump for Bitcoin, though analysts anticipate any resulting pullbacks will remain shallow buying opportunities.
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77254.98 +14.53% over the displayed period

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